November 17, 2016 - By Linda Rogers · 0 Comments
MRV Communications Inc (NASDAQ:MRVC) institutional sentiment decreased to 0.37 in 2016 Q2. Its down -0.50, from 0.87 in 2016Q1. The ratio is negative, as 7 institutional investors started new and increased equity positions, while 19 cut down and sold their holdings in MRV Communications Inc. The institutional investors in our partner’s database now own: 2.71 million shares, down from 2.78 million shares in 2016Q1. Also, the number of institutional investors holding MRV Communications Inc in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 7 Reduced: 12 Increased: 7 New Position: 0.
MRV Communications, Inc. is a supplier of communications solutions to telecommunications service providers, enterprises and governments throughout the world. The company has a market cap of $51.79 million. The Company’s products enable clients to provide high-bandwidth data, and video services and mobile communications services. It currently has negative earnings. The Firm operates through Network Equipment segment.
About 6,473 shares traded hands. MRV Communications, Inc. (NASDAQ:MRVC) has declined 15.50% since April 15, 2016 and is downtrending. It has underperformed by 20.12% the S&P500.
According to Zacks Investment Research, “MRV Communications, Inc. is a leading manufacturer and marketer of optical high speed networks that integrate switching, routing, remote access and fiber optic transmission systems. The company designs, manufactures and sells two groups of products: computer networking products, primarily Ethernet LAN routing switches, WAN and remote access devices and fiber optic components for the transmission of voice, video, and data across enterprise, telecommunications and cable TV networks.”
Raging Capital Management Llc holds 3.71% of its portfolio in MRV Communications, Inc. for 2.14 million shares. Silver Capital Management Llc owns 10,374 shares or 0.56% of their US portfolio. Moreover, Spark Investment Management Llc has 0.05% invested in the company for 45,600 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 21,263 shares.#img1#
MRV Communications, Inc. (MRV), incorporated on March 9, 1992, is a supplier of communications solutions to telecommunications service providers, enterprises and governments throughout the world. The Company’s products enable clients to provide high-bandwidth data, and video services and mobile communications services. The Firm operates through Network Equipment segment. The Company’s Network Equipment segment designs, makes, sells and services equipment used by commercial customers, governments and telecommunications service providers. The Company’s products include switches, optical transport platforms, physical layer products and out-of-band management products, and specialized networking products. MRV markets and sells its products, through a variety of channels, which include a direct sales force, manufacturers’ representatives, value-added-resellers, distributors and systems integrators.
More recent MRV Communications, Inc. (NASDAQ:MRVC) news were published by: Businesswire.com which released: “MRV Communications and Sandvine to Demonstrate NFV-based Next Generation …” on November 03, 2016. Also Businesswire.com published the news titled: “MRV Communications’ OptiPacket OP-X1 Wins the 2016 TMC Labs Innovation Award” on October 12, 2016. Businesswire.com‘s news article titled: “MRV Communications, Inc. Agrees to Sell Source Photonics, Inc. Business Unit …” with publication date: October 27, 2010 was also an interesting one.
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By Linda Rogers